Why Work with a House Buying Company in St. Louis, Missouri
When it comes to real estate, St. Louis, Missouri, is a highly competitive area. So, if you need to sell your house fast due to your current situation, you may have difficulty unloading the property quickly. Finding a realtor, listing the house, making the necessary repairs, finding a buyer, and closing the sale can take up to six months. You may only have a few weeks to sell your property.
What is the solution? Work with a house buying company in St. Louis, Missouri. Local home buyers can do a quick walkthrough of your house, make a fast cash offer, and close on the sale in as little as seven to 21 days. Best of all, you eliminate all the steps involved in selling your house the traditional way. Below, we look at the benefits of selling your home to a house buying company in St. Louis, Missouri.
Sell Your House Fast
What does it mean to sell your house fast in St. Louis, Missouri? Consider these quick comparisons:
Type of Sale
Average Time to Sell
|Hire a realtor||60 to 90 days|
|For sale by owner||Six to 12 months|
|Cash sale to a local buyer||Seven to 21 days|
In a traditional sale, you hire a realtor and list your house on the market. Next, you have to make the necessary repairs or renovations. Afterward, you show the house and negotiate with potential buyers. When you finally find a buyer, it can up to 45 for the buyer to get a loan and close the sale.
The only difference between a traditional sale and a For Sale by Owner (FSBO) is that you are in charge of the entire sale and have to market your house and close the sale on your own. An FSBO can easily take up to 12 months. By contrast, a cash sale directly to a local buyer can be completed in less than a month, including closing. That’s what it means to sell your house fast.
Sell Your House As-Is
One of the biggest challenges sellers face when selling a house is spending thousands of dollars in renovations to make the house more attractive to buyers or satisfy home inspection requirements. Repairs or upgrades can delay a sale by several months. It can also eat into your profits, which are already lowered by closing costs and realtor commissions. If you try to sell a damaged, old, or vacant house on the market, you are competing with properties that are in better condition and ready to sell right now.
A local buyer in St. Louis, Missouri, can buy your house as-is regardless of its condition. You don’t have to schedule appraisals or inspections, worry about meeting building codes, or get involved in a major renovation project. The house buying company simply makes an offer to buy the property as-is with no conditions. You don’t even have to clean the house when the buyer does a walkthrough.
Avoid Common Selling Costs
Outside of repairs, two main selling costs can significantly eat into your profit: realtor commissions and closing costs.
Realtors make an average of five to six percent in commissions for every house they sell. That means when you close the sale, the realtor will take six percent of the asking price off the top – you won’t even see it. For example, if you sell the house for $100,000, the realtor gets a whopping $6,000 off the top. When combined with other expenses, that’s a huge portion of your profits.
On closing day, both you and the buyer will each pay closing costs. While some of the closing costs are shared 50/50, other costs are assigned to you simply because you are the seller. Some common closing costs include
|Title search||Title insurance|
|Home inspections||Home appraisal|
|Loan payoff fees||Attorney fees|
|Transfer taxes||Recording fees|
|Mortgage payoff||Property survey|
These fees can cost up to $5,000, depending on your situation, where you live, and what services are required to sell your house. Many of these fees are not disclosed until just before or on closing day. When you sell your house as-is for cash, the local home buyer assumes most or all of the closing costs. In many cases, you simply sign the selling agreement and walk away.
Sell Your House Regardless of Your Situation
You may believe that your situation prevents you from working with a house buying company in St. Louis, Missouri. It may be the case if you are selling your house the traditional way. When you work with a local home buyer, there is virtually no barrier to selling your house as-is for cash. Home buyers work with sellers in all types of situations, including
|Damaged House||Inherited House|
|Distressed House||New Job|
|Fast Sale||Rental Property|
Sell Your House for Cash to Klamen Real Estate Group
Do you need to sell your house fast? If so, Klamen Real Estate Group can help. We are local home buyers in St. Louis, Missouri. We can do a quick walkthrough of your house, make a fast cash offer, and close in as little as seven to 21 days. Call 314-721-6800 to schedule a walkthrough and get a fast cash offer.